UK inflation will drop back to Bank of England two per cent target by end of this year, economists predict February 22, 2023 Inflation in the UK is on track to fall exactly back to the Bank of England’s target by the end of this year, according to forecasts by two top City of London economists. The rate of price increases will tumble to two per cent in the final three months of 2023, according to Pantheon Macroeconomics. [...]
Partygate: High Court to hear challenge against Met over probe into Johnson’s lockdown party attendance February 22, 2023 The High Court will hear the first stage of a challenge against the Metropolitan Police over the force’s investigation into former prime minister Boris Johnson’s attendance at Number 10 parties during lockdown. Johnson received a fixed penalty notice (FPN) over a birthday party in the Cabinet Room in June 2020, but faced no further action [...]
Jeremy Hunt faces calls for March budget giveaways after UK borrows £30bn less than forecast February 21, 2023 The UK government spent less than it reaped in from taxpayers last month helping to push yearly borrowing £30bn lower than projected by forecasters, officials figures out today reveal. The difference between what the government generated in revenue and spent hit a positive £5.4bn, meaning the UK’s public finances were in surplus last month, according [...]
SNP race: Humza Yousaf ‘clear favourite’ to replace Nicola Sturgeon after Kate Forbes equal marriage controversy February 21, 2023 Health minister Humza Yousaf has gained an advantage in the race to replace Nicola Sturgeon after Kate Forbes was forced to apologise for her comments on equal marriage. Yousaf, who has emerged as the continuity candidate after Sturgeon’s sudden resignation announcement last week, has vowed he will “always fight for the equal rights of others”. [...]
Putin blames Ukraine and the West for starting war ahead of one year mark February 21, 2023 Vladimir Putin has blamed Ukraine and the West for starting the war in an address to the Russian parliament ahead of the one year anniversary of the conflict. The Russian president referred to the “war” in Ukraine for the first time during his State of the Nation speech, after previously only referring to it as [...]
Jeremy Hunt’s fiscal rules are holding back the UK economy – it’s time for change February 21, 2023 Bean counters are running the Treasury again. I’m imagining sheets of paper plastered with Jeremy Hunt’s current fiscal rules pinned up around Whitehall to remind departments of the belt-tightening needed to balance the books. Fiscal rules are targets Chancellors have aimed to meet since George Osborne pivoted away from Gordon Brown’s “Golden Rules” in 2010 [...]
ULEZ: Government plays down suggestion it could veto Khan’s expansion plans February 20, 2023 Suggestions ministers could be veto or deploy exemptions to Sadiq Khan’s controversial expansion of the Ultra Low Emission Zone (ULEZ) scheme were played down by the government today. Under the expansion plans, drivers across the capital will face a daily charge of £12.50 for using vehicles which do not meet emissions standards from August – [...]
Meta turns to paid-for verification as data reveals privacy concerns among UK users February 20, 2023 Facebook and Instagram owner Meta will soon role out a paid-for verification model, copying a similar move by rival social media platform Twitter. In a bid to claw back credibility, Meta chief executive Mark Zuckerberg revealed he was launching a new subscription service, which promised more personal security for users, for between £10-12.50 a month. [...]
Pressure mounts on Sunak over planned six per cent rise in corporation tax February 20, 2023 Prime minister Rishi Sunak is facing down the prospect of a rebellion over next month’s budget as renewed pressure mounts over a planned increase in corporation tax increase. Seven top Tory backbenchers and business owners including Wetherspoons boss Tim Martin have urged Sunak and chancellor Jeremy Hunt to scrap the planned six per cent rise. [...]
US President Joe Biden makes surprise visit to Ukraine ahead of Russian invasion’s first anniversary February 20, 2023 US president Joe Biden has been spotted in the Ukraine capital Kyiv on a surprise visit this morning. The 46th president was filmed walking the city streets with Ukrainian president Volodymyr Zelenskyy, ahead of the first anniversary of the Russian invasion of Ukraine this Friday. Biden and Zelenskyy visited the Wall of Remembrance of the [...]